Tata Motors financial results for Q3FY13

Tata Motors, the country’s largest commercial vehicle producer has declared third quarter financial results for 2012-13 financial year. Consolidated revenues to the tune of INR 46,090 crores has been declared for the quarter ended 31st December 2012 resulting in a growth of 1.8 percent as compared to INR 45,260 crores in the same quarter of the previous year.

Consolidated profit before tax for the same quarter stood at INR 2,668 crores as compared to INR 4,494 crores in the quarter ended 31st December 2011. Profit after tax stood at INR 1,628 crores over INR 3,406 crores in the previous quarter. Tata Motors stand alone financial results for the third quarter and period of April to December 2012 were also revealed. Sales of both commercial and passenger vehicles saw a decline to the tune of 11.3 percent as sales stood at 2,05,291 units.

Revenues for the quarter were INR 10,630 crores down from the previous quarter when revenues stood at INR 13,338 crores. Operating margins were also down substantially as well as it stood at 2.2% as against 6.7% in the earlier corresponding quarter in the previous year impacted by weak macroeconomic environment and competitive pressures on pricing.